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Debt Snowball Calculator

Inputs

Number of Debts

How many debts do you want to pay off?

Total Monthly Payment(USD)

Total amount you can pay toward all debts each month

Debt 1 Balance(USD)

Debt 1 Interest Rate(%)

Debt 2 Balance(USD)

Debt 2 Interest Rate(%)

Debt 3 Balance(USD)

Debt 3 Interest Rate(%)

Months to Pay Off All Debts

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Total time to become debt-free using snowball method

Total Interest Paid

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Total Amount Paid

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Debt 1 Payoff Month

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Debt 2 Payoff Month

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Debt 3 Payoff Month

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Formula

Snowball Method: Pay smallest debt first while minimum payments on others, then roll payment to next smallest.